Day: January 26, 2018

ASIC using “Mystery Shoppers” to Monitor the Behaviour of Australian Mortgage Brokers

Last week, ASIC announced it would use “hundreds of undercover shoppers” to monitor lending behaviour of mortgage brokers. “As part of our ongoing review of mortgage broking practices, we are undertaking consumer and broker research to better understand the home loan purchase process,” said Michael Saadat, ASIC senior executive. According to the report, ASIC is […]

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